The companies said the deal, which requires regulatory approval, would close within 18 months and would result in billions of dollars in bill credits to customers.
Business
Posted inEconomy
Cardinal Commerce Notes: Old Dominion Power proposes rate hike, 2 Roanoke businesses expand, Food & Farm Trail debut, public meeting about rail
Get up to speed on recent business happenings.
Posted inEconomy
Columbia Gas seeks 2-part rate increase
The company wants to raise the average residential customer’s monthly bill by a total of about $14.
Posted inEconomy
In Carroll County, a $100 million investment begins to bear fruit
Pluck’d announced last year that it would build out more than 60 acres of greenhouses to grow tomatoes. Its products now are heading to stores.
Posted inEconomy
AeroFarms avoids shutdown, says it will be a ‘stronger, more stable business’
The indoor farming company in Pittsylvania County said in late March that it was working to sell its business.
Posted inEconomy
Cardinal Commerce Notes: 9 years of I-81 work, police buy Roanoke County building, restaurant and brewery reopen, Lester Group names chair
Get up to speed on recent business happenings.
Posted inEconomy
3 Virginia electric utilities to add battery storage in bid to increase reliability, cut costs
The technology is anticipated to improve grid reliability and save the utilities millions of dollars over the next 20 years by reducing how much they pay to deliver power during the highest-demand times.
Posted inEconomy
Cardinal Commerce Notes: Wood council created, Walmart stores to be remodeled, program for Helene-hit farmers reopens, BWXT acquires machine shop
Get up to speed on recent business happenings.
Posted inEconomy
Former Roanoke Rambler owner ‘devastated’ after staff terminated
The online news organization, founded in 2021 by a former Roanoke Times reporter, was sold last month. Its three-person news staff said Monday that their employment was terminated after contract negotiations.
Posted inEconomy
Voyant Beauty to close Roanoke plant, lay off about 95
The company, which manufactures personal care products, did not provide a reason for the closure in a notice sent to state officials.
